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http://www.bloomberg.com/news/2013-07-22/palm-oil-climbs-as-demand-seen-rebounding-on-biofuel-food-use.html
Golden agri not involved in fires
http://www.channelnewsasia.com/news/specialreports/hazewatch/news/golden-agri-resources/720750.html
Gd luck... dyodd.
with the spotlight on the haze issue, better to stay out of the palm oil counters for time being
Sinar MAS has been named so GAR is one of the culprits..
fines will be issued and other measures may be taken to punish them..
gd luck dyodd
ozone2002 ( Date: 17-Jun-2013 11:21) Posted:
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If it goes below 0.5 may consider to buy some. But don't use up all bullets:)
Flyordie ( Date: 23-Jun-2013 14:47) Posted:
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This time not good for companies that have plantations in Indonesia, a lot of investigations will be done to those co.
Singapore said on Saturday that it would pursue local firms found to be involved in starting forest fires in Indonesia, as Greenpeace said the blazes were on palm oil plantations owned by Indonesian, Malaysian and Singaporean companies.
This time must really pray see which company will survive this haze crisis
Support at 0.53. Personal view.if it break, then next support is at 0.51.
Will this counter goes down even more? Views anyone?
my experience is any rebound in a down trend market is an opportunity created by BB to clear their remaining stock and soon dip all the way to the support level
does this rebound just a fake???
better to shot now!!!
can short?
Just be careful dont get trap or mislead by today's rebound.
time for palm oil counters to shine..
Time: 11:01AM
Exchange: SGX
Stock: GoldenAgr(E5H)
Signal: Bullish MACD Crossover
Last Done: $0.585
ozone2002 ( Date: 11-Jun-2013 16:31) Posted:
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i remember that the news last year said shareholder will buy back @0.80 5 years later. Am i rite?
That mean if buy now at 0.55, then 5 years later will be 0.80-0.55=0.25 ?
.sell what win what. just sell lah.
Cpo prices now at rm2450 due to ramadan demand which will end by july. subsequently massive supply will come on stream by year end peak harvesting so prices will easily test rm2000 support indicating 20% possible forecasted downside to revenue.
Given all major palm producers still on a expansion binge with no regards to deteriorating fundamental demand in india and china.The future looks bleak.
Last year, the demand was saved from europe surge in orders. This year, given the massive discount to last year prices , the exported volume to europe is sure to surge further and europe sunflowers rapeseed etc, oil lobbiest which had already set in motion the protectionist tarriffs in brussels will likely try to push it thru before Mr degucht? gets kicked out or discredited for political disobedience and trade war.
The cashflow was good last quarter due to massive 30% cut in operating cost which is unlikely to be repeated. Pending future potential 20% forecasted fall in revenue and 10% fall in cogs and operating cost, profits are likely to only barely breakeven.(eg.1144-964=179-166.5=12.5m From current 114m profits to 12.5m forecasted represents almost 90% plunge in profits.)
Of course, demand could surge from a upturn in china or something but equally things could go downhill faster from a slowdown in asia on QE tapering . Funds exiting will cause a collapse and easily testing of 42c-32c historic support.
Nav devaluation on massive 8b biological assets has yet to occur. Nav could reset back to 40+c if palm prices stays below rm2000 level ,sinced it was rerated up wards sinced 2009 on high palm prices.
Dippyboy maintains bearish outlook in the face of optimistic brokerages calls.
OCBC maintains Buy with $0.63 TP. HOuse note that GGR being one of the largest palm oil plantation owners in the world, should benefit from the recent rebound in CPO (crude palm oil) prices to MYR2450/ton note that there is a strong historical correlation of nearly 0.7 between CPO prices and GAR share price. While the general outlook for commodities is still uncertain (as China’s economic growth continues to sputter along), believe that headwinds appear to be dissipating. Furthermore, management remains fairly upbeat about its prospects as it continues to expand its integrated operation capabilities to benefit from the firm industry outlook.
Most of the time at top volume. But will never move much. 560,565,570,575....570,565,560....
one of the few stocks that defies the gravity
Time: 4:03PM
Exchange: SGX
Stock: GoldenAgr(E5H)
Signal: Resistance - Breakout with High Volume
Last Done: $0.575
OCBC: Golden Agri-Resources: Upgrade to BUY on valuation ground. GAR now looks relatively attractive with a 19% upside to our unchanged S$0.63 fair value (based on 12.5x FY13F EPS). Hence from a valuation standpoint, we upgrade our call from Hold to BUY. -